 In 2011 German exports edged past trillion euros mark BERLIN - German exports have grown 11.4 per cent to top one trillion euros in 2011 but a sharp decline towards the end of the year has triggered fears in Europe's biggest economy, according to fresh... | |
 Aviation safety agency orders inspection of entire A380 fleetSYDNEY - Australia's flag carrier Qantas Airways Ltd. said Wednesday it has pulled one of its A380 super jumbos out of service after cracks were discovered in its wings, despite Airbus assuring that... |
| Capello resigns, Stuart checks in as caretaker England boss With just five months left for the Euro 2012, England football is in turmoil with the resignation of national team manager Fabio Capello over differences with Football Assoiation (FA) following the... |
| EU seeks closer ties with Pakistan The European Union (EU) Wednesday adopted a plan to build a strong relationship with Pakistan.
Welcoming the adoption, EU foreign policy chief Catherine Ashton said the five-year engagement plan... |
| European Union threatens harsher sanctions on Syria The Associated Press BEIRUT -- The European Union will impose harsher sanctions on Syria, a senior EU official said Wednesday, as Russia tried to broker talks between Syria's vice... |
| European central banks to offer new stimulus Next FRANKFURT, Germany - The European Central Bank and the Bank of England are preparing to offer more emergency support to the financial sector in the hope of softening the impact of a looming... |
| Greek talks stall ahead of eurozone visit Media are reporting that the third coalition leader, socialist George Papandreou, objects to cuts in main pensions. (Getty) Greek leaders have fallen short of striking a deal on austerity cuts... |
| Greek talks stalled ahead of euro zone meeting Greek leaders have fallen short of striking a deal on austerity cuts ahead of crucial euro zone talks, jeopardising chances of winning a new bail-out package and averting a disastrous debt default. ... |
| Amid Eurozone Crisis, How Germany Became Europe's Richest Country As European debt crisis negotiations approach the 11th hour on yet another bailout for Greece, Margaret Warner reports on some of the people behind the economic success of Germany -- Europe's... |
| Euro Parliament may 'Freeze Contacts' with Duma The third largest faction in the European Parliament has called for a freeze on contacts with the Russian State Duma until Russia holds "free and fair parliamentary elections." The... |
| Daily Mail group reports falling advertising revenue THE company behind the 'Irish Daily Mail' and the 'Mail on Sunday' said advertising revenue continued to fall in the three months to January 1 as the economic climate in the UK... |
| Cost-cutting Nokia axes 4,000 more jobs iPhone or compensate for diving sales of its own old smartphones.Its fourth-quarter smartphone sales shrank 31pc from a year ago and the business made a steep loss for the quarter.Nokia said it would... |
| Finance chiefs to hold crunch talks as Greek deal emerges Michael Noonan will join colleagues from the eurozone in Brussels this evening for an emergency meeting as the Greek government pushes to finalise the terms of a rescue.The ministers will be joined... |
| Sentiment at five-year high after €1tn export boost recession , which is commonly defined as two consecutive quarterly contractions.Business sentiment jumped to a five-month high in January and factory orders gained 1.7pc in December, driven by demand... |
| Politicians to hold three votes on package Angela Merkel 's government is readying plans for parliamentary votes on a bailout for Greece next week while Greek leaders struggle for consensus on terms of the aid, the deputy floor leader of... |
| Debt crisis: Euro rises on Greek bailout hopes despite uncertainty THE Euro hit a fresh two-month high amid speculation that Greek politicians were ready to yield to the demands of their troika paymasters despite coalition leaders failing to sign off on tough... |
| 'Bitter cup' of austerity forced on Greece for rescue: media ) - A "bitter cup" of additional austerity was forced on Greece in return for a bankruptcy-saving eurozone rescue, Greek media said Thursday, outlining a barrage of cuts demanded by EU-IMF... |
| Greece hopeful on eurozone bailout: minister ) - Greece is hopeful that eurozone finance ministers will take a "positive decision" Thursday on a key bailout package, finance minister Evangelos Venizelos said before heading for the... |
| Greek austerity talks stalled ahead of key eurozone meet ) - Greek leaders Thursday fell short of striking a deal on austerity cuts, even as their finance minister headed to Brussels Thursday for crucial eurozone talks on a new bailout to avert a debt... |
| First EU official off to Myanmar ahead of 'crucial' polls ) - Myanmar's upcoming elections will be crucial for the credibility of reforms that remain "fragile," the EU's foreign aid chief told AFP ahead of a trip to offer 150 million... |
| Greek coalition talks break up without full agreement ) - Greek government coalition leaders ended lengthy talks on austerity measures Wednesday, with one remaining point of disagreement, the prime minister's office said. The three coalition... |
| S&P: unclear Greek deal will set sustainable path (WASHINGTON) - Ratings house Standard & Poor's on Wednesday questioned whether a looming deal to restructure Greece's debt would be enough to put Athens on a sustainable fiscal path.But... |
| EU mulls Syria flight ban, plans for possible evacuations (BRUSSELS) - The European Union is making contingency plans in case it needs to evacuate EU citizens from Syria and is mulling a ban on flights into and out of the country, senior officials said... |
| Collector pays €2,100 for first edition Suske en Wiske A Dutch collector has paid EUR2,100 via an online auction for a first edition comic featuring the popular Belgian cartoon duo Suske and Wiske. The first... |
| Missing jewels worth €7m turn up in hotel cleaner's cupboard Five years after they disappeared, jewels belonging to the wife of the former US ambassador to the Netherlands have turned up in the home of a hotel cleaner in The Hague. Dawn Arnall thought the... |
| Credit Suisse Swings to Loss, But Sees Good 2012 Start posted a fourth-quarter net loss after taking almost 1 billion Swiss francs ($1.07 billion) of charges to speed cost cutting and offload risky assets to meet stiffer capital... |
| Vodafone Results Hit by Weak Southern Europe posted third-quarter results slightly below forecasts as increasingly tough trading in Spain and Italy overshadowed solid performances in emerging markets and northern Europe at the world's... |
| European Stocks, Euro Rise Amid Greece Rescue Talks; Oil Gains Feb. 9 (Bloomberg) -- European stocks rose for the first time in four days and the euro reached a two-month high on speculation regional policy makers will approve a rescue package for Greece.... |
| Euro debt crisis 'creates opportunities' Europe because of the debt problems that have led to an economic slowdown and high unemployment," said Sun Yongfu, head of the ministry's department... |
| Euro ministers to meet as Greece nears deal Greece Greek government coalition leaders have ended a marathon session of talks on austerity measures with one remaining point of disagreement, the prime minister's office says. The three... |
| Greek deal prospects rise, euro ministers to meet Prospects for a deal on a second international bailout for Greece brightened on Wednesday when euro zone finance ministers were summoned to talks in Brussels while Greek political leaders met to... |
| Credit Suisse sinks to Q4 loss as it cuts costs GENEVA – Credit Suisse Group posted its first fourth-quarter net loss since 2008 as Switzerland's second-biggest bank continued its drive to reduce its exposure to potentially-risky... |
| Hard economic times sharpen Spaniards' sneaky side MADRID – Leather seats are disappearing from cars. Precious jewels are vanishing from drawers. TVs are spirited out of homes in the dead of night. These crimes are not what they seem. And the... |
| Greece, creditors end talks without full deal ATHENS, Greece – Greece failed to finalize terms for a crucial euro130 billion ($173 billion) bailout Thursday, but Finance Minister Evangelos Venizelos headed to Brussels to meet top EU... |
| Maximum fine of €2.5m 'a slap on the wrist', Quinn hearing told Anglo Irish Bank over €2.34bn loans made to Quinn group companies -- to allegedly support the bank's share price -- would be a mere slap on the wrist, the Commercial Court heard... |
| Euro Parliament May 'Freeze Contacts' with Duma The third largest faction in the European Parliament has called for a freeze on contacts with the Russian State Duma until Russia holds "free and fair parliamentary... |
| Merkel Austerity Called Counter-Productive Feb. 8 (Bloomberg) -- Germany’s push to treat Europe’s financial crisis with austerity may backfire by stifling its exports to the euro area, says Jerome Cahuzac, economic adviser to... |
| Nokia Moves Phone Assembly to Asia Feb. 8 (Bloomberg) -- Nokia Oyj will eliminate 4,000 jobs including at its oldest factory in Finland as it shifts mobile- phone manufacturing to Asia, its largest... |
| Airbus A380 Fleet Needs Full Wing Inspection Feb. 8 (Bloomberg) -- Airlines were ordered to inspect all operating Airbus SAS A380 aircraft, as Europe’s air safety regulator escalates required checks after the wings of the double-decker... |
| Glencore, Xstrata Seal Deal Feb. 8 (Bloomberg) -- Glencore International Plc’s planned $39 billion takeover of Xstrata Plc, a combination years in the making, came together in just two months after a pivotal dinner in... |
| Illumina Rejects Roche’s $5.7B Hostile Offer Feb. 8 (Bloomberg) -- Illumina Inc.’s board unanimously rejected Roche Holding AG’s $5.7 billion bid to take over the maker of gene-mapping tools as "grossly... |
| Smugglers Prosper in Spain’s ‘Perfect Storm’ Feb. 8 (Bloomberg) -- Spanish smokers, squeezed by higher taxes and a deepening recession, are increasingly relying on smugglers to feed their... |
| Argentina to Raise U.K. ‘Militarization’ of Falklands at UN Feb. 8 (Bloomberg) -- Argentina will lodge a complaint with the United Nations Security Council over the U.K.’s "militarization" of the southern Atlantic Ocean around the Falkland... |
| King May Add to Gilt Stash in 50-Billion Pound Insurance Gambit Feb. 9 (Bloomberg) -- Bank of England Governor Mervyn King may pump another 50 billion pounds ($79 billion) into the U.K. economy today as he ramps up protection for a nascent recovery from the... |
| Small Caps Rally as U.K. Investors Anticipate More BOE Stimulus The FTSE SmallCap Index -- currently made up of companies with market capitalization of less than 392.1 million pounds ($623 million) -- has risen 10 percent so far this year, compared with a 5.7... |
| UniCredit Leads Europe Equity Sales to Best Start in Five Years Feb. 9 (Bloomberg) -- UniCredit SpA’s $9.9 billion rights offer is leading Europe’s stock sales to the best start of the year since 2007, a sign that the region’s companies may... |
| Eurozone crisis live: Greek bailout deal threatened by €300m pension cuts row Marathon talks in Athens ended with Greece's political leaders unable to agree cuts to pensions, leaving its EUR130bn rescue package up in the... |
